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government must step in to ensure the state and local government. the problem detroit faced is that -- >> state, local, and tribal government. >> and tribal government. [laughter] >> okay. >> the problem with detroit, unlike many municipalities that depend on revenue from real estate tax, they run on income taxes. they never recovered from 2001. the black unemployment rate never recovered from 2001. that downturn decimated the revenue stream for the city, and it never came back. if there are banks that are too big to fail, and we have to step in to make sure they function, there are cities that are too big to fail. [applause] >> bankruptcy in one of those cities. >> yes, and so it is not enough for the administration to say, oh, we're behind you, droit. no. we said to wall street, $800 billion we're behind you, so that's being behind me. [laughter] >> okay. behind you, what are the policies? >> so, wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax because when they gamble, we lose. [applause] they have to pay
for the administration to say, oh, we're behind you, detroit. no. we said to wall street $800 billion we're behind you, so that's being behind me. [laughter] >> okay. mark -- [inaudible] that's behind you. what would be some of those policies? >> so wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax, because when they -- [applause] we lose. and they have to pay for cleaning up the whole mess. not just their mess, not just the mess that let them get their jobs back, get their bonuses back and then argue for a tax cut after they got their bonuses and we saved their bankrupt companies. if we saved aig that was bankrupt, we can save detroit that's bankrupt. and if aig who caused the downturn in the first place could get a bonus because it stated in their contract they had to get a bonus, then detroit city workers can get a pension just hike it said in their contract. [applause] .. which of course makes the united states different and unique from other countries in the world supporting the immigrants now no other country even comes close. but
of when they think of boston politics. >> what other races are you keeping an eye on? >> one is detroit. field ofthis candidates narrowed in a runoff to just two contenders for a job which is very important right now. the election itself may be less important compared to what happens after the election. how much power the mayor will even have when there is an emergency manager with sweeping authority. there is also houston. a democratic mayor is running a republicanerm opponent. she was elected mayor of houston, it became the largest american city with an openly gay mayor. you wouldy necessarily stereotype houston, texas. texas, it is worth keeping an eye on what happens there. if you cover politics and policy in this era of budget -- >> you cover politics and policy. what can mayor is expected from washington regarding infant -- regarding infrastructure, the nuts and bolts. >> you talk to mirrors over the country -- you talk to mi ayors and they are fed up with how little support they get from washington. certainty.ally no stimulusof ways, the that a lot of folks credit with helping gi
was identified at from detroit. heron and morris are on the ballot to be recalled because of deep objections by their constituents to particularly the gun grabbing votes that they cast some would say at the behest of the new york mayor michael bloomberg in this last legislative session. it's never been in the history of colorado that state legislators have been fired by we the people on the recall in midterm. that's what he means about september 10th. >> indeed. [applause] >> i think it's interesting just on the topic of new york city that you have a mayor now that is like a slurpee grabber and might be replaced by the most famous amateur photographer. >>> we will have more on the future of the political party tonight on c-span town hall. these programs and a variety of topics air live each tuesday, wednesday and thursday from seven to 9 p.m. eastern throughout the congressional recess. republican national committee chairman rights on the rising stars program today on the meeting in boston. we will have that live on c-span this morning at 11:15 eastern canadian alliance for health reform hol
Search Results 0 to 3 of about 4